JPMorgan Admits to Closing Over 50 Trump Bank Accounts [DEBANKING]

[mystery-ak]

Elizabeth Weibel 21 Feb 2026

JPMorgan Chase admitted that it closed more than 50 of President Donald Trump’s bank accounts after his first term as president concluded.

The bank admitted on Friday that “more than 50 Trump accounts” were cut off in February 2021, weeks after the January 6, 2021, riot at the Capitol, according to the New York Times.

The revelation by JPMorgan came after Trump “and the Trump Organization” filed a lawsuit in January against JPMorgan Chase and its CEO, Jamie Dimon, for having debanked the president, according to the outlet.

Per the outlet, accounts that JPMorgan reportedly “debanked” were accounts “for Trump hotels, housing developments and retail shops” in several states, along with “Trump’s personal private banking relationship that handled his inheritance:”

    The accounts included those for Trump hotels, housing developments and retail shops in Illinois, Florida and New York, as well as Mr. Trump’s personal private banking relationship that handled his inheritance from his father, according to letter filed to the court.

more
https://www.breitbart.com/politics/2026/02/21/jpmorgan-chase-admitted-that-it-closed-more-than-50-of-president-donald-trumps-bank-accounts-after-his-first-term-as-president-concluded/

[Timber Rattler]

De-Banking is one of the most obnoxious and destructive weapons against Conservatives that Obama forged, originally used to put gun stores out of business but since expanded to include anything non-liberal.

Flashback:


https://www.youtube.com/watch?v=3U-d5T3eQrE

Here's the original article:

https://www.nytimes.com/2026/02/21/business/jpmorgan-trump-debanking.html

For years, President Trump has complained that his personal and business bank accounts were deliberately closed after the Jan 6., 2021, attack on the Capitol.

JPMorgan Chase is now admitting that did happen.

In a response to a lawsuit filed last month by Mr. Trump and the Trump Organization, JPMorgan, the nation’s largest bank, said for the first time late Friday that it cut off more than 50 Trump accounts in February 2021, shortly after Mr. Trump’s first term ended.

The accounts included those for Trump hotels, housing developments and retail shops in Illinois, Florida and New York, as well as Mr. Trump’s personal private banking relationship that handled his inheritance from his father, according to letters filed to the court.

JPMorgan did not specify in those letters a specific reason for the mass account closings. In one unsigned note to Mr. Trump, dated Feb. 19, 2021, the bank wrote that he would need to “find a more suitable institution with which to conduct business.”

The letter closed with, “Thank you for your prompt attention to this matter” — a phrase that Mr. Trump himself is fond of using.

Ah...all becomes clear now!  Trump's lawsuits are all about forcing discovery.

[Free Vulcan]

It's not the debanking per se, it's the lack of legal justification to do so, and justifying it on vague moral grounds.

We have separation of church and state in this country, we operate by the law, not someone's personal moral and religious beliefs, which is exactly how JP Morgan and other financial institutions were doing so, trying to hide behind words like 'values' and 'mission statements'.

Your local fish market might be able to pull that off, but not fiduciary financial institutions.